Thailand firms plan $3-bn infra investment

A large numbers of Thailand-based players engaged in infrastructure building and are operating in India have decided to invest around $ 3 billion in the infrastructure sector in the near future in the areas of green and brown field infra projects including energy, infrastructure and metals, Thai Trade Center executive director and consul Suwimol Tilokruangchai said, reiterating that the Thailand companies see good business opportunity and are looking to invest targeted funds by 2020. She said adding that their companies are looking towards India with a great interest for the past seven decades and plan to enhance the bi-lateral trade thanks to the positive approach of both the Thai and Indian governments. Over the decades, nearly 30 Thai companies are active in the field of infrastructure, real estate, food processing, chemicals, hotels and hospitality sectors in India. Currently, Thai goods have benefited from the second FTA agreement with 10 members of ASEAN (Association of Southeast Asian Nations) region are with India. The Thai government has also invited Indian companies to investment in the growth of Thailand as currently around 40 Indian companies have made an investment of around $ 2 billion in areas of software, agriculture chemicals, electric cars development in Thailand.